Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head
1 month, 2 weeks ago

Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Bessent issued a temporary pause on bureau activity while the administration reviews its policies to ensure they align with Trump’s agenda It’s the latest bad omen for the CFPB, an independent agency that Congress created in 2010 as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act to protect consumers from unfair, deceptive or abusive financial practices. Under Chopra’s leadership, the CFPB issued a number of regulations like limiting how much banks can charge for late and overdraft fees, set to take full effect in October, as well as removing medical debt from appearing on credit reports, a rule set to take effect in March. open image in gallery Rohit Chopra tabled a number of regulations, such as limiting how much banks can charge for late and overdraft fees, as well as removing medical debt from appearing on credit reports Now, those who oppose the watchdog agency may get their way as it appears Bessent’s order is the first step in significantly reducing the CFPB’s authority. “On behalf of America’s leading retail banks, we’re pleased to see Secretary Bessent assume the role of CFPB director on an acting basis,” Johnson said in a statement.

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History of this topic

Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided
1 month ago

Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. “This is the core of consumer protection – …

Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided
1 month ago

Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided

Associated Press  

NEW YORK — To President Donald Trump, it’s a hotbed of “waste, fraud and abuse” whose only purpose is to “destroy people” and whose staff amounts to a “vicious group.” To Jonathon Booth, it’s simply the agency that helped him get $17 back. “This is the core of consumer protection – someone willing to help with stuff that’s small enough …

Dismantling watchdog leaves consumers in a limbo
1 month, 1 week ago

Dismantling watchdog leaves consumers in a limbo

China Daily  

US Senator Elizabeth Warren, Democrat from Massachusetts, attends a protest rally against Donald Trump administration's anticipated plan to close the Consumer Financial Protection Bureau in front of the bureau's headquarters in Washington, DC, on Monday. SAUL LOEB/AFP WASHINGTON — The Donald Trump administration's rapid dismantling of the US consumer protection watchdog will have broad implications for consumers with credit cards, …

I Work at the Latest Agency Being Targeted by Musk. We Just Received This Shocking Email.
1 month, 1 week ago

I Work at the Latest Agency Being Targeted by Musk. We Just Received This Shocking Email.

Slate  

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. As this was unfolding, the administration permitted billionaire Elon Musk and his Department of Government Efficiency underlings to enter the CFPB headquarters, where they reportedly accessed internal systems including personnel rolls and financial records. On Saturday night, Vought sent …

Column: Trump’s move to kill federal consumer watchdog will protect Big Business but cost consumers billions
1 month, 1 week ago

Column: Trump’s move to kill federal consumer watchdog will protect Big Business but cost consumers billions

LA Times  

CFPB unplugged: The home page of the Consumer Finance Protection Bureau is offline, following the arrival of Trump acolytes determined to kill the bureau outright. — Dennis Kelleher, Better Markets “I am the acting director of the CFPB,”he said, “something that’s apparently keeping Elizabeth Warren up late at night, which doesn’t bother me at all.” Mulvaney isn’t part of the …

Trump’s New Budget Chief Orders Federal Financial Watchdog To Halt Operations
1 month, 1 week ago

Trump’s New Budget Chief Orders Federal Financial Watchdog To Halt Operations

Huff Post  

LOADING ERROR LOADING The lead architect of Project 2025 and recently appointed acting director for the Consumer Financial Protection Bureau has told the agency’s employees to essentially halt all operations ― the Trump administration’s latest move to roll back consumer protections against corporate giants. In a Saturday email obtained by several news outlets, Russell Vought ordered the federal financial industry …

Trump administration orders Consumer Financial Protection Bureau to stop work
1 month, 1 week ago

Trump administration orders Consumer Financial Protection Bureau to stop work

The Hindu  

The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. The email also ordered the bureau to “cease all supervision and examination activity.” Also late Saturday, Vought said in a social media post that …

New CFPB chief closes headquarters, tells all staff they must not do 'any work tasks'
1 month, 2 weeks ago

New CFPB chief closes headquarters, tells all staff they must not do 'any work tasks'

NPR  

New CFPB chief closes headquarters, tells all staff they must not do 'any work tasks' toggle caption Kayla Bartkowski/Getty Images Staff and contractors at the Consumer Financial Protection Bureau have been told they cannot "perform any work tasks," according to an internal email obtained by NPR on Monday. The new directive from the CFPB's acting director, Russell Vought, on Monday …

Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
1 month, 2 weeks ago

Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work

NPR  

Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work toggle caption J. Scott Applewhite/AP Scott Bessent, who was confirmed as Treasury secretary last week, has been named acting director of the Consumer Financial Protection Bureau. In an internal email shared with NPR, staff members were instructed to immediately cease much of the bureau's work, "unless expressly approved …

Consumer Financial Protection Bureau shakeup: Chopra out, Bessent in charge
1 month, 2 weeks ago

Consumer Financial Protection Bureau shakeup: Chopra out, Bessent in charge

Salon  

The Consumer Financial Protection Bureau, a watchdog agency Republicans have tried to dismantle or significantly scale back, is the latest shakeup in Donald Trump's efforts to remake the federal government. Trump fired Rohit Chopra, the agency's director and a Biden appointee, over the weekend and installed Scott Bessent, a billionaire hedge fund manager who now serves as treasury secretary, as …

Trump Fires The Director Of Consumer Financial Protection Bureau
1 month, 2 weeks ago

Trump Fires The Director Of Consumer Financial Protection Bureau

Huff Post  

LOADING ERROR LOADING PALM BEACH, Fla. — President Donald Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden administration holdover. In a social media post Saturday about his departure, Chopra thanked people across the country who “shared their ideas and experiences” with the government’s consumer financial watchdog agency. Consumer …

Trump fires the director of the Consumer Financial Protection Bureau
1 month, 2 weeks ago

Trump fires the director of the Consumer Financial Protection Bureau

Associated Press  

PALM BEACH, Fla. — President Donald Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden administration holdover. In a social media post Saturday about his departure, Chopra thanked people across the country who “shared their ideas and experiences” with the government’s consumer financial watchdog agency. “The longer Director Chopra …

Trump fires the director of the Consumer Financial Protection Bureau
1 month, 3 weeks ago

Trump fires the director of the Consumer Financial Protection Bureau

LA Times  

The director of the Consumer Financial Protection Bureau, Rohit Chopra, was fired by President Trump in the latest purge of a Biden administration holdover. President Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden administration holdover. Chopra was one of the more important regulators from the previous Democratic administration …

Trump fires chief of the federal consumer watchdog agency
1 month, 3 weeks ago

Trump fires chief of the federal consumer watchdog agency

NPR  

Trump fires chief of the federal consumer watchdog agency toggle caption Andrew Harnik/AP The Trump administration has fired Rohit Chopra, the director of the Consumer Financial Protection Bureau. In a resignation letter posted on X, Chopra said watchdog agencies such as the CFPB work to enforce laws to "check the enormous influence that powerful firms have over our daily lives." …

Trump fires head of the Consumer Financial Protection Bureau
1 month, 3 weeks ago

Trump fires head of the Consumer Financial Protection Bureau

CNN  

New York CNN — President Donald Trump has fired Rohit Chopra, the director of the Consumer Financial Protection Bureau. They, alongside tech industry leaders, have encouraged Trump to remove Chopra from his role — which was made possible by a 2020 Supreme Court ruling that enabled presidents to fire CFPB directors. In his time at the CFPB, Chopra spearheaded controversial …

Will Scott Bessent abolish Donald Trump's tax cuts as treasury secretary?
1 month, 3 weeks ago

Will Scott Bessent abolish Donald Trump's tax cuts as treasury secretary?

India Today  

The US Senate has confirmed billionaire investor Scott Bessent as Treasury Secretary under President Donald Trump. Now, Bessent faces the challenge of balancing tax cuts with deficit control while crafting a tariff strategy that stimulates economic growth without stifling it. Bessent will play a central role in advancing Trump’s key economic policies, including: Reinstating the 2017 tax cuts, which primarily …

Senate confirms Scott Bessent as US Treasury Secretary amid global economic concerns
1 month, 3 weeks ago

Senate confirms Scott Bessent as US Treasury Secretary amid global economic concerns

Firstpost  

Bessent, a Wall Street veteran who grew up in South Carolina, has praised the Republican president’s plans to slash taxes and impose tariffs while calling for measures to protect supply chains and the dollar’s standing internationally The Senate confirmed Scott Bessent on Monday to become US Treasury Secretary. AFP Scott Bessent, a billionaire hedge fund manager, was confirmed by the …

Scott Bessent Confirmed As Treasury Secretary, Giving Him A Key Role In Extending Trump's Tax Cuts
1 month, 3 weeks ago

Scott Bessent Confirmed As Treasury Secretary, Giving Him A Key Role In Extending Trump's Tax Cuts

Huff Post  

LOADING ERROR LOADING WASHINGTON — The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump’s treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn’t jeopardize growth. He has said the U.S. faces economic calamity if Congress does not renew key …

Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump’s tax cuts
1 month, 3 weeks ago

Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump’s tax cuts

Associated Press  

WASHINGTON — The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump’s treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn’t jeopardize growth. He has said the U.S. faces economic calamity if Congress does not renew key provisions of Trump’s …

Trump's pick for Treasury Secretary is Scott Bessent. Here's what to know
2 months ago

Trump's pick for Treasury Secretary is Scott Bessent. Here's what to know

NPR  

Trump's pick for Treasury Secretary is Scott Bessent. Who: Scott Bessent Nominated for: Secretary of Treasury You might know them from: The longtime investor and hedge fund manager was little known outside of Wall Street until he became one of the top economic advisers to President-elect Donald Trump's campaign. If confirmed, Bessent will be responsible for implementing Trump's proposed economic …

Moment liberal MSNBC star reveals he is 'conflicted' over openly gay Trump Treasury pick Scott Bessent
3 months, 3 weeks ago

Moment liberal MSNBC star reveals he is 'conflicted' over openly gay Trump Treasury pick Scott Bessent

Daily Mail  

MSNBC star Jonathan Capehart has confessed that he feels conflicted that Donald Trump chose an openly-gay man as his pick to lead the Treasury Department. MSNBC star Jonathan Capehart has confessed that he feels conflicted that Donald Trump chose an openly-gay man as his pick to lead the Treasury Department President-elect Trump announced Scott Bessent as his pick to run …

Wall Street veteran Scott Bessent tapped as Donald Trump's treasury secretary
3 months, 3 weeks ago

Wall Street veteran Scott Bessent tapped as Donald Trump's treasury secretary

India Today  

President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as US Treasury secretary, ending days of twists that saw high profile candidates pitted against each other for the cabinet position with vast influence over economic, regulatory and international affairs. Bessent follows other financial luminaries who have taken the job, including former Goldman Sachs executives Robert Rubin, …

What are the challenges Donald Trump's treasury chief pick Scott Bessent faces?
3 months, 3 weeks ago

What are the challenges Donald Trump's treasury chief pick Scott Bessent faces?

Firstpost  

President-elect Donald Trump announced hedge fund billionaire Scott Bessent as his choice for the next Treasury Secretary. He will also be the first openly gay Treasury Secretary in a Republican administration If the Senate confirms his appointment, Bessent—despite having no government experience—will be central to implementing Trump’s economic vision. He rejected Nobel prize economists’ views: Bessent first made waves when …

Trump names hedge-fund investor and Yale prof. Scott Bessent as Treasury Secretary
3 months, 3 weeks ago

Trump names hedge-fund investor and Yale prof. Scott Bessent as Treasury Secretary

Firstpost  

President-elect Donald Trump has tapped hedge-fund investor Scott Bessent to be his Treasury Secretary. Janet Yellen, who is the current treasury secretary and the first woman to take the job, has chaired the Federal Reserve and was part of the White House Council of Economic Advisers in the past. As the 79th US treasury secretary, Bessent is responsible for maintaining …

Who is Scott Bessent? Donald Trump’s pick for treasury secretary
Trending News
3 months, 3 weeks ago

Who is Scott Bessent? Donald Trump’s pick for treasury secretary

Hindustan Times  

President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary. He speaks regularly about deficit reduction, while supporting extending Trump’s tax cuts Bessent has backed extending provisions of the Tax Cuts and Jobs Act of 2017, which Trump signed into law in his first year in office, …

Trump rejects Elon Musk’s treasury secretary pick, names his own favorite instead
3 months, 3 weeks ago

Trump rejects Elon Musk’s treasury secretary pick, names his own favorite instead

Hindustan Times  

Donald Trump has chosen hedge fund veteran Scott Bessent to serve as his Treasury Secretary, reports confirm. Musk publicly endorsed Howard Lutnick as a candidate who could bring about necessary change, contrasting Lutnick’s approach with Bessent's more traditional stance. FILE PHOTO: Key Square Group founder Scott Bessent speaks at a campaign event for Republican presidential nominee and former U.S. President …

What to know about Scott Bessent, Trump’s pick for treasury secretary
3 months, 3 weeks ago

What to know about Scott Bessent, Trump’s pick for treasury secretary

Associated Press  

WASHINGTON — President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary. He speaks regularly about deficit reduction, while supporting extending Trump’s tax cuts Bessent has backed extending provisions of the Tax Cuts and Jobs Act of 2017, which Trump signed into law in his first year …

Trump picks billionaire investor Scott Bessent as Treasury secretary
3 months, 3 weeks ago

Trump picks billionaire investor Scott Bessent as Treasury secretary

Al Jazeera  

The hedge fund manager will be responsible for implementing president-elect’s pledges to cut taxes and raise tariffs. US President-elect Donald Trump has picked hedge fund manager Scott Bessent to serve as Treasury secretary in a blitz of announcements after his choice for attorney general said he was withdrawing. The choice for Treasury secretary, a protracted process, was the most anticipated …

Trump to nominate hedge fund manager Scott Bessent as Treasury Secretary
3 months, 3 weeks ago

Trump to nominate hedge fund manager Scott Bessent as Treasury Secretary

NPR  

Trump to nominate hedge fund manager Scott Bessent as Treasury Secretary President-elect Trump plans to nominate hedge fund manager Scott Bessent to be Treasury Secretary. SCOTT SIMON, HOST: President-elect Trump has announced that hedge fund manager Scott Bessent is his choice for Treasury secretary. Bessent has also championed Trump's call for deregulation and for increased domestic energy production as a …

Trump expected to pick Bessent to be US treasury secretary, sources say
3 months, 3 weeks ago

Trump expected to pick Bessent to be US treasury secretary, sources say

Live Mint  

By Steve Holland and Alexandra Ulmer -President-elect Donald Trump is expected to pick prominent investor Scott Bessent to take on the role of U.S. Treasury secretary, sources told Reuters on Friday, putting him at the helm of a cabinet position with vast influence over economic, regulatory and international affairs. Bessent follows other financial luminaries who have taken the job, including …

'Home run': Republican pleased as Trump reportedly offers key role to Wall Street insider
3 months, 3 weeks ago

'Home run': Republican pleased as Trump reportedly offers key role to Wall Street insider

Raw Story  

President-elect Donald Trump has offered hedge fund executive Scott Bessent to head the Treasury Department, CNN reported. The reporting on Trump’s transition team came Friday afternoon days after the incoming president named Wall Street executive Howard Lutnick as Commerce secretary. “I think he’s got the right skill set and experience to do the job,” longtime GOP strategist Scott Jennings said …

Trump names hedge fund manager Scott Bessent as Treasury secretary, announces other picks
4 months ago

Trump names hedge fund manager Scott Bessent as Treasury secretary, announces other picks

LA Times  

Hedge fund manager Scott Bessent, 62, served for years as a top money manager for George Soros, a billionaire donor to Democrats. President-elect Donald Trump announced Friday that he’ll nominate billionaire hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next Treasury secretary. Trump said Bessent would “help me usher in a new Golden Age …

Trump nominates Wall Street investor Scott Bessent as treasury secretary
4 months ago

Trump nominates Wall Street investor Scott Bessent as treasury secretary

NPR  

Trump nominates Wall Street investor Scott Bessent as treasury secretary toggle caption DOMINIC GWINN/Middle East Images/AFP via Getty Scott Bessent, the little-known Wall Street investor who became one of President-elect Donald Trump's top economic advisers, has been nominated to be the next treasury secretary in Trump's new administration. "Mr. Trump has a mandate to reprivatize the U.S. economy through deregulation …

Trump names billionaire and longtime pal Howard Lutnick as commerce secretary
4 months ago

Trump names billionaire and longtime pal Howard Lutnick as commerce secretary

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President-elect Donald Trump has chosen financial services CEO and transition …

Senate confirms Biden pick to lead consumer watchdog agency
3 years, 5 months ago

Senate confirms Biden pick to lead consumer watchdog agency

Associated Press  

WASHINGTON — The Senate narrowly approved President Joe Biden’s pick to run the Consumer Financial Protection Bureau on Thursday, giving the bureau a director who is likely to embrace an aggressive “watchdog” role, similar to how the agency operated under former President Barack Obama. Chopra is the CFPB’s third permanent director since the bureau was created by the Dodd-Frank Act, …

Consumer watchdog agency rediscovers its teeth under Biden
3 years, 10 months ago

Consumer watchdog agency rediscovers its teeth under Biden

Associated Press  

NEW YORK — The nation’s consumer watchdog is signaling a more aggressive approach toward the financial services sectors after a few years of being on a tight leash. Dave Uejio, a long-time career employee of the bureau, has been the bureau’s acting director since Trump’s appointee Kathy Kraninger resigned the day Biden was sworn into office. The bureau’s own data …

Biden consumer watchdog pick signals more aggressive stance
4 years ago

Biden consumer watchdog pick signals more aggressive stance

Associated Press  

CHARLOTTE, N.C. — President Joe Biden’s nominee to run the federal consumer watchdog agency indicated Tuesday that if confirmed he would restore more aggressive enforcement actions against companies and banks that largely faded during the Trump administration. Rohit Chopra, currently a Democratic commissioner on the Federal Trade Commission, would be the third permanent director of the decade-old Consumer Financial Protection …

Biden choice for watchdog makes debut in nomination hearing
4 years ago

Biden choice for watchdog makes debut in nomination hearing

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} President …

Face-Off: Elizabeth Warren Vs. Trump's Consumer Watchdog, Mick Mulvaney
6 years, 11 months ago

Face-Off: Elizabeth Warren Vs. Trump's Consumer Watchdog, Mick Mulvaney

NPR  

Face-Off: Elizabeth Warren Vs. Trump's Consumer Watchdog, Mick Mulvaney Enlarge this image toggle caption Manuel Balce Ceneta/AP Manuel Balce Ceneta/AP An epic throw-down happened Thursday on Capitol Hill over the role of the federal government. Mulvaney, Trump's appointee, calls the bureau Warren's "baby." She pressed Mulvaney: Sponsor Message Maloney: "So let me ask you how many enforcement actions has the …

Trump Official Wants To Put Tight Leash On Consumer Watchdog Agency
6 years, 11 months ago

Trump Official Wants To Put Tight Leash On Consumer Watchdog Agency

NPR  

Trump Official Wants To Put Tight Leash On Consumer Watchdog Agency Enlarge this image toggle caption Brendan Smialowski/AFP/Getty Images Brendan Smialowski/AFP/Getty Images The Trump administration will ask Congress to make drastic changes to weaken the independence of the Consumer Financial Protection Bureau, NPR has learned. Sources familiar with the matter tell NPR that the CFPB's interim director, Mick Mulvaney, will …

Trump and outgoing Protection director pick new leaders
7 years, 3 months ago

Trump and outgoing Protection director pick new leaders

Daily Mail  

Confusion is gripping the top consumer watchdog agency in the nation after the Trump administration appointed an interim head of the Consumer Financial Protection Bureau just hours after the outgoing director named a successor. Donald Trump named an interim head of the Consumer Financial Protection Bureau on Friday just hours after the outgoing director Richard Cordray named a successor Mick …

Explaining The Consumer Financial Protection Bureau Confusion
7 years, 3 months ago

Explaining The Consumer Financial Protection Bureau Confusion

NPR  

Explaining The Consumer Financial Protection Bureau Confusion With the director of the Consumer Financial Protection Bureau stepping down, there's a dispute between the outgoing chief and the White House over who will take over as acting director. SCOTT SIMON, HOST: On Monday morning, a couple of people could show up at the Consumer Financial Protection Bureau - both of them …

Trump Names His Budget Chief As Interim Head Of Consumer Protection Agency
7 years, 3 months ago

Trump Names His Budget Chief As Interim Head Of Consumer Protection Agency

NPR  

Trump Names His Budget Chief As Interim Head Of Consumer Protection Agency Enlarge this image toggle caption Astrid Riecken/Getty Images Astrid Riecken/Getty Images Updated at 10:03 p.m. ET President Trump on Friday announced that Mick Mulvaney would become acting director of the Consumer Financial Protection Bureau, hours after outgoing Director Richard Cordray tapped his own interim successor. "The President looks …

Looks Like Elizabeth Warren's Consumer Watchdog Is Headed For A Court Victory
7 years, 9 months ago

Looks Like Elizabeth Warren's Consumer Watchdog Is Headed For A Court Victory

Huff Post  

LOADING ERROR LOADING WASHINGTON — If the firing of FBI Director James Comey has taught the country anything, it’s that a president has broad constitutional powers to dismiss the head of just about any federal agency he’d like. Under the law, the president may fire the CFPB director only “for cause,” which means Trump can’t just make up a pretext …

Justice Department tells court that Trump should be able to fire consumer watchdog
8 years ago

Justice Department tells court that Trump should be able to fire consumer watchdog

LA Times  

The Justice Department told a federal court on Friday that President Trump should be able to fire the head of the Consumer Financial Protection Bureau, arguing the structure of the controversial independent watchdog is unconstitutional. In a 33-page filing Friday, the Justice Department told the U.S. Court of Appeals for the District of Columbia that “there is a greater risk …

Consumer Financial Protection Bureau director says Trump won’t change agency’s aggressive efforts
8 years, 1 month ago

Consumer Financial Protection Bureau director says Trump won’t change agency’s aggressive efforts

LA Times  

Richard Cordray, director of the Consumer Financial Protection Bureau, arrives at a meeting at the Treasury Department in November. The nation’s top consumer financial watchdog, who some Republicans want President Trump to fire, said Tuesday that the new Republican administration won’t change his approach to aggressively hold banks and other financial firms accountable. Richard Cordray, director of the Consumer Financial …

Watchdog agency appeals ruling that would allow Trump to fire director
8 years, 4 months ago

Watchdog agency appeals ruling that would allow Trump to fire director

LA Times  

Richard Cordray, director of the Consumer Financial Protection Bureau, could be fired once President-elect Donald Trump takes office unless the agency successfully appeals a recent court ruling. The Consumer Financial Protection Bureau on Friday appealed a recent court ruling that could allow President-elect Donald Trump, once he takes office in January, to replace the watchdog agency’s embattled director. In a …

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